Closing small-balance commercial mortgages is a simple way for brokers to earn more if they understand how to approach the niche. This market offers many brokers the opportunity to expand their product offerings and earn more without much extra work. If you’re looking to close more small commercial mortgages, here’s what you need to do: Get to […]
Category: Closing Commercial Mortgages
Closing Non-Conforming Commercial Mortgages is Easy
Brokers looking to expand their business and earn more have a great opportunity in the form of small-balance commercial mortgages for non-bankable borrowers. This market is under served, and it’s simple to get started and close these loans. Here’s what you can expect when you begin working on these types of deals: Low-doc submission: When […]
Small-Balance Commercial Mortgages: A Fast Way to Earn More
For many borrowers in need of a commercial mortgage, time is of the essence. From paying off a ballooning mortgage in a short timeframe to getting the funds needed to purchase a property, there are a number of situations in which borrowers need cash fast. As a broker, it’s your job to find a lender […]
Simple Marketing Tips for Commercial Mortgage Beginners
When you’re just starting out, it’s important to take steps to market your services as a commercial mortgage broker. Without the right approach, it will be difficult to drive leads and increase your business. In order to succeed, you’ll need to develop connections with potential borrowers and referral sources and keep them engaged. Here are […]
Getting Your Commercial Borrower a Mortgage for an Investment Property
For brokers looking to close small-balance commercial mortgages, borrowers looking to finance investment properties are a solid segment of the market. Whether your borrower is looking to finance something as simple as a multifamily property or something a little more complex, like a shopping center, brokers need to know how to present these requests to […]
Small-Balance Commercial Mortgages Help Brokers Earn More
For many small business owners, bank loans and other traditional mortgage sources are not an option. Past credit issues, smaller loan amounts and income verification issues are among the reasons that these borrowers are sometimes unable to qualify for a commercial mortgage at their local bank. However, they’ll still need financing, and brokers would do […]
Getting Fast Commercial Mortgage Financing
One of the most common reasons that borrowers seeking a small-balance commercial mortgage need alternative financing is because banks and other traditional sources are unable to close the loan within the necessary time frame. As a commercial mortgage broker, you’ll need to connect with non-conforming lenders in order to provide these borrowers with the financing […]
Understanding Commercial Mortgage Underwriting
Nonconforming commercial mortgage lenders have the ability to close loans for their brokers in a timely manner, but the speed of the underwriting process depends largely on brokers. In order for your transactions to close quickly and smoothly, you need to understand what your lender needs in order to fully underwrite a deal. Here’s what […]
Closing Small-Balance Commercial Mortgages is Easy
Passing up on small-balance commercial mortgage requests is passing up on money; it’s as simple as that. Many residential and large-balance commercial brokers mistakenly think that these loans are not worth their time or that they will be too much effort to close. However, closing small-balance commercial mortgages with a lender like APEX is a […]
When Should I Turn Down a Commercial Mortgage Borrower?
The more commercial mortgage deals you have in your pipeline, the more successful your brokering business will be. It’s a simple rule to live by, but it’s important to make sure that the deals in your pipeline are strong loan scenarios so that you don’t waste time on non-conforming mortgages that aren’t likely to close. […]